Samvardhana Motherson Group

Company Profile

■URL

https://www.motherson.com/

■Address

Motherson Corporate Tower, Plot No. 1, Sector 127, Noida – 201301, Uttar Pradesh, India

Business Overview

-The Company is a diversified global manufacturer and one of the world’s leading suppliers to the automotive industry. Its product portfolio is powertrain-agnostic and includes a range of components, systems and modules. The Company also supplies products and systems to a variety of non-automotive industries, including aerospace, logistics, and health and medical industries.

-The Company’s operations are organized into five business segments:

Wiring Harness	The segment manufactures wiring harnesses and electrical components to ensure the delivery of power and data within various vehicles. The segment is a full service system supplier with complete in-house design, development, and manufacturing capabilities.
Vision Systems	The segment develops and manufactures rearview vision systems for the automotive industry, primarily comprised of interior mirrors, exterior mirrors, and camera-based detection systems. The segment also supplies components for sub-assemblies integrated into vision systems such as light units, electric drives, camera modules, electronic modules, and reflector glass modules.
Modules & Polymer Products	The segment manufactures a wide range of components and systems, from simple plastics and mechanical assemblies to integrated modules for both interior and exterior vehicle applications. The segment’s products include ventilation systems, smart surfaces, lighting modules, sunroof systems, fuel tanks, and exterior resin parts. The segment also produces premium upholstery for passenger vehicle applications.
Integrated Assemblies	The segment provides advanced integrated module assembly and delivery solutions and is a leader in cockpit module integration. The segment also provides solutions such as center consoles, headliners, door panels, and exterior front-end modules.
Emerging businesses	The segment consists of eight business divisions outside of the Company’s core business focus. The eight divisions are comprised of three automotive-related divisions, four non-automotive divisions, and one industry agnostic division. The eight divisions are: Elastomers, Lighting & Electronics, Precision Metals & Modules, Aerospace, Logistic Solutions, Health & Medical, Technology & Industrial Solutions, and Services.

-In January 2022, the Company completed an internal reorganization, which led to the simplification and unification of the group’s structure. The reorganization consolidated all of the Company’s automotive components and allied business under a single umbrella. With the reorganization, the Company’s reporting structure is focused on business segments instead of individual companies or legal entities. In March 2024, the Company further simplified the structure of its international businesses by bringing a majority of its international businesses under the SMRP B.V. entity.

-MarkLines conducted an interview with the Company’s Chairman, Vivek Chaand Sehgal, during the 2015 Tokyo Motor Show. A video of the interview can be viewed at the link below:

View Interview

Shareholders

-The Company is listed on the Bombay Stock Exchange and the National Stock Exchange of India.

(As of Mar. 31, 2024)

Shareholding Category	Shareholding Ratio (%)
Promoter and Promoter Group	60.36
Public	39.64
Total	100.00

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Products

Products
Wiring Harnesses	Electrical Distribution Systems ABS cables Chassis harnesses Engine harnesses Instrument harnesses Vehicle Electronics Modular power distribution centers Modular blocks Standard voltage and high-power connection systems Power pin and blade terminals Routing and retention aids Smart power distribution centers Fuse boxes DC/DC converters Battery management systems Electronic control units Timer and flasher relays Verti-Grip battery terminals Junction boxes Relay boxes Wires, Cables, and Components PVC insulated wires Cross-link insulated wires Jacketed wires Non-insulated wires Multi-conductor cables Battery cables Caps and sleeves Grommets Clamps and binders Protectors Wire seals High tension cords
Modules & Polymer Products	Interior products Cockpits Instrument panels Door panels Center and floor consoles Decorative interior panels Decorative trim Airbag boxes Glove boxes Ventilation systems Storage systems Air louvers Grab handles Sun visors Leather panels Textile panels Soft-touch panels Seat covers Premium upholstery Trunk liners Trunk trim A/B/C-pillar covers Tread plates Illuminated tread plates Window belt lines Small plastic parts Interior modules with integrated airbags and/or electronics Exterior products Bumpers Front end modules Front grilles Spoilers Front-end carriers Convertible roof components Rocker panels Decorative trim High-gloss pillar covers Window sealing strips Water deflectors Fuel fillers Air inlets Air ducts Door handles Hybrid tailgates Plastic body parts Plastic panels Antenna hoods Roof rails Tilt inner slide sunroofs Outer slide sunroofs Popup sunroofs Panorama sunroofs Underhood products Engine covers Fuel tanks Small parts and assemblies
Vision Systems	Exterior Mirrors Exterior mirrors for passenger vehicles Exterior mirrors for commercial vehicles Electrically extendable exterior mirrors for commercial vehicles EcoMirror with decreased size and weight Integrated exterior mirror systems: Reflector glass units Auto dimming glass High gloss moldings Glass actuators Heated glass systems Power folding mechanisms Telescopic actuation solutions LED turn signal lamps Ground illumination lamps Logo projection lamps Blind spot warning lamps Temperature sensors Ultrasonic distance sensors Memory position adjustment Rearview monitoring cameras Surround view cameras Image processing units BUS control electronics Wiring harnesses Interior Mirrors Prismatic interior mirrors Multi-functional mirrors Rear-view camera monitoring systems Integrated interior mirror systems: Reading lamps Ambient lighting Microphones Remote garage door openers Telematics interfaces Emergency switches Auto dimming glass Rain sensors Air temperature sensors Humidity sensors Radio-controlled electronic toll collection systems Camera monitoring systems Blind spot detection systems Surround vision systems Maneuvering aid cameras Exterior modules with integrated cameras and other features Interior integrated display solutions Image processing units Electronic control units Display system with integrated driver assist systems Back-up display with reverse driving guidelines Pedestrian detection Lane departure warning Traffic sign recognition Parking assistance systems Park exit assistance Corner view display Cross traffic alert
Integrated Assemblies	Cockpit modules Center consoles Headliners Door panels Front-end modules Other value-added modules
Elastomers (Emerging businesses)	Door grommets Pads & bushes Gaskets & O-rings NVH components Vibration mounts Suspension bushes Rubber to metal bonded parts Large engine gaskets Rubber to plastic bonded parts Reinforced hoses Drain tubes Fuel hoses Engine cooling hoses Extruded rubber profiles Weather strips Glass run Boot and hood seals Calendared sheets
Precision Metals & Modules (Emerging businesses)	HVAC systems and components for commercial vehicles Operator cabins for off-highway vehicles Thin film coating solutions for components Powdered metal sintered parts Engine parts Transmission parts Oil pump parts Water pump parts Suspension parts VCT parts Cabin-in-white components Upper body assemblies Closure assemblies Skin panels Chassis frames Precision parts Fuel pump parts Fuel injection parts Emission control parts Brake system parts
Lighting & Electronics (Emerging businesses)	Headlamps Daytime running lights Fog lamps Rear combination lamps CHMSL (Center high-mounted stop lamp) Air intake manifold assemblies Pedal box assemblies Electronic shock absorbers Struts Gas springs Damping control systems Lifting systems Brake system compressors A/C compressors Clutches for A/C compressors Body control modules Aluminum die-casted parts Cylinder blocks Cylinder heads Bedplates Chaincases Oil filter adapters Water pumps Oil cooler covers Throttle bodies Housings Electronic controlled couplings Rear differentials Clutch assistance valve bodies Proportionate valves

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History

1975	Motherson Group was founded
1977	First cable factory started
1983	Technical agreement with Tokai Electric Co. (Now Sumitomo Wiring Systems-Japan) Wiring Harness
1986	Establishment of Motherson Sumi Systems Limited (MSSL), in joint venture with Sumitomo Wiring Systems, Ltd., Japan
1999	First Overseas Office established (Austria)
2000	JV for IT, Engineering & Design company in India Representative Office at Singapore
2002	Acquisition of assets of Wexford electronics for manufacturing of wiring harnesses for material handling and earthmoving equipment Design Centre at Ireland
2003	Offices in USA & UK established
2004	Established European headquarter at Germany
2005	JVs for Metal Machining in Germany, Environment Management Systems and Automotive Manufacturing Engineering Acquisition of Plastic Injection Moulding and machining business in Germany
2006	Wiring Harness Manufacturing in UK through acquisition of assets Acquisition of Plastic Injection Moulding company in Czech Republic Acquisition of Door Trim Business, Australia JVs for Bus Air-conditioning Systems, Auxiliary Equipment for Injection moulding machines
2007	Acquisition of rubber moulding business in Australia JVs for o HVAC systems for passenger cars, Bimetal band saw blades, and Thin film coating metals
2008	JV for Lighting Systems, Pedal Box Assembly & Air Intake manifolds, and precision machined metal components
2009	Acquisition of rearview mirror business of Visiocorp. The new company is now known as Samvardhana Motherson Reflectec (SMR)
2010	JV for HVAC Systems for commercial vehicles & Off highway vehicles
2011	Acquisition of Peguform, it is known as Samvardhana Motherson Peguform (SMP) Acquisition of Vacuform 2000 (Pty) Limited
2012	Acquisition of Sintermetal S.A., Spain
2013	JV with Nippon Pigment(s) Pte. Ltd., Singapore and Toyota Tsusho Corporation, Japan JV with Eissmann Automotive , Slovakia
2014	Acquisition of wiring harness business of Stoneridge Inc. Acquired 50% stake to form a JV with Magnetti Marelli Shock Absorbers India Pvt. Ltd
2015	Acquisition of assets of Scherer & Trier Acquisition of the assets of Esslingen (Germany) plant of Minda Schenk Plastic Solutions GmbH
2016	Acquisition of automotive business Unit of Abraham es Tarsa Kft. (Abraham and Co. Ltd) Hungary
2017	Acquisition of Kobek Siebdruck GmbH & Co. KG, Germany Acquisition of PKC Group PLC, Finland
2018	Acquisition of MS Global India Pvt. Ltd. Joint Venture with Ossia Inc. to bring Real Wireless Power technology
2019	Joint Venture with Hamakyorex Co., Ltd.
2020	Motherson Group reorganization plan approved which entails demerger of ”Domestic Wiring Harness” (DWH) business from MSSL into a new company which is in the process of being incorporated as a wholly owned subsidiary of MSSL and subsequent merger of SAMIL into MSSL to consolidate 100% shareholding in Samvardhana Motherson Automotive Systems Group BV (SMRP BV).
Dec. 2020	Invested in Aira, Inc. . USA to accelerate the development of advanced wireless charging technologies
Oct. 2021	SMRPBV acquired majority stake in Nanchang JMCG Mekra Lang Vehicle Mirror Co., Ltd.
Nov. 2021	SMP Automotive opened new plant in Serbia
Mar. 2022	Flagship company Motherson Sumi Systems Limited (MSSL) spun off its wire harness business to form Motherson Sumi Wiring India Limited (MSWIL)
Jun. 2022	Motherson Sumi Systems Limited (MSSL), the flagship company of the Group, changed its name to Samvardhana Motherson International Limited
Jul. 2022	Completed construction of a plant dedicated to wire harnesses for Suzuki in Hamamatsu, as well as a design center for the entire Motherson Group, focusing on engineering for wire harnesses, polymers, and mirrors.
Sep. 2022	New plant opened in Požarevac, Serbia, to manufacture wire harnesses for Daimler trucks
Oct. 2022	Opened a new plant in Tangier (Morocco) for the Modules and Polymer Products Division
Feb. 2023	Completed acquisition of Daimler India Commercial Vehicles (DICV) 's frame manufacturing and assembly operations
Mar. 2023	Established Motherson Electronic Components Private Limited (MECPL)
Apr. 2023	Completed acquisition of substantially all the assets of Bolta US Ltd., a company which manufactures chrome-plated interior and exterior polymer components.
Jul. 2023	Acquired 51% of the shares of Saddles International Automotive and Aviation Interiors Private Limited (SIAAIPL). Acquired SAS Cockpit Module Division from Forvia
Aug. 2023	Completed acquisition of Ichikoh’s mirror business in Japan and China for approximately JPY 5.2 billion, acquiring Misato Industries Co., Ltd. and Ichikoh Automotive Parts Co., Ltd.
Oct. 2023	Completed acquisition of assets and shares of the Dr. Schneider Group, a company which manufactures premium electronic interior polymer components and systems.
Sep. 2023	Opened a new wire harness plant in the Ras Al Khaimah Economic Zone (RAKEZ) in the UAE
Mar. 2024	Acquired 81% stake in the four-wheeler business of Yachiyo Industry, a Honda subsidiary specializing in sunroofs, fuel tanks, and other plastic products.
Apr. 2024	Completed acquisition of Lumen Group, a manufacturer and supplier of OEM-certified parts and accessories.